Showing 1 - 10 of 46
Social interactions make communicable disease a core concern of public health policy. A prevalent problem is scarcity of empirical evidence that are informative about how interventions affect population behavior and illness. Randomized trials, which have been important to evaluation of...
Persistent link: https://www.econbiz.de/10010951152
Attempting to shed light on the optimal size of government, economists have analyzed planning problems that specify a set of feasible taxation-spending policies and a social welfare function. The analysis characterizes the optimal policy choice of a planner who knows the welfare achieved by each...
Persistent link: https://www.econbiz.de/10011262791
Americans may be uncertain of their future Social Security benefits for several reasons, including uncertainty about their future labor earnings, the formula now determining Social Security benefits, and the future structure of the Social Security system. To learn how Americans perceive their...
Persistent link: https://www.econbiz.de/10005248696
This paper uses Wald's concept of the risk of a statistical decision function to address the question: How should sample data on treatment response be used to guide treatment choices in a heterogeneous population? Statistical treatment rules (STRs) are statistical decision functions that map...
Persistent link: https://www.econbiz.de/10005248981
Research on collective provision of private goods has focused on distributional considerations. This paper studies a class of problems of decision under uncertainty in which the argument for collective choice emerges from the mathematics of aggregating individual payoffs. Consider decision...
Persistent link: https://www.econbiz.de/10005079148
Economists studying public policy have generally assumed that the relevant social planner knows how policy affects population behavior. Planners typically do not possess all of this knowledge, so there is reason to consider policy formation with partial knowledge of policy impacts. Here I...
Persistent link: https://www.econbiz.de/10005085423
We study first- and second-order subjective expectations (beliefs) in strategic decisionmaking.We propose a method to elicit probabilistically both first- and second-order beliefs and apply the method to a Hide-and-Seek experiment. We study the relationship between choice and beliefs in terms of...
Persistent link: https://www.econbiz.de/10009653428
Researchers have long used repeated cross sectional observations of homicide rates and sanctions to examine the deterrent effect of the adoption and implementation of death penalty statutes. The empirical literature, however, has failed to achieve consensus. A fundamental problem is that the...
Persistent link: https://www.econbiz.de/10009323434
Persistent link: https://www.econbiz.de/10009327399
The merits of alternative income tax policies depend on the population distribution of preferences for income, leisure, and public goods. Standard theory, which supposes that persons want more income and more leisure, does not predict how they resolve the tension between these desires. Empirical...
Persistent link: https://www.econbiz.de/10009421974